Market Roundup

Half Day Roundup

Global market risk aversion sentiment increased. The Nikkei index fell 3%, and Taiwan stocks fell 4.7%. The Hang Seng Index opened 140 points lower this morning, opening at 16,246 points. The decline expanded to 202 points. It closed at 16,184 points for the first half of trading session; the HSCEI Index fell 69 points, or 1.2%, to 5,734 points; the Hang Seng Technology Index fell 87 points, or 2.6%, to 3,269 points. The total half-day turnover of the market was HK$63.1 billion. Li Auto (2015) announced that the price of its L6 model starts at RMB$249,800, and its stock price fell 7.3% to HK$106.4. Oil stocks performed well as geopolitics heated up, with CNOOC (883) and PetroChina (857) rising 2.1% and 2.4% respectively.

Source: KGI Asia Investment Strategy

The materials contained herein are provided by KGI Asia Limited ("KGI") for information only. While such materials are based on or derived from sources believed to be reliable, KGI makes no representation or warranty (express or implied) as to their accuracy or reliability. Neither the information nor the opinions expressed herein constitute, or are to be construed as, an offer or invitation or solicitation of an offer to buy or sell any securities or investments. KGI and its officers, employees, agents and affiliates may have interests in the securities or investments covered herein and accept no liability whatsoever for any loss or consequence whatsoever (whether direct or indirect) resulting from any use of or reliance by you on such materials.